6 Questions
Why are banks reducing the number of branches?
To cut costs as more people use online banking
What is one way in which bank branches are being altered according to the text?
Removing areas where people queue to withdraw money or deposit cheques
Which of the following is a characteristic of mobile-only banks?
They provide access to an account manager through video calls, online chat, or phone
What is a major difference between traditional banks and mobile-only banks?
Traditional banks have physical branches whereas mobile-only banks do not
Why do some customers prefer mobile-only banks over traditional banks?
For the convenience of mobile banking without needing to visit a branch
What role do cashpoints, tablets, and meeting areas play in modern bank branches?
They are part of the alterations to provide more digital options and customer service
Explore the transformation of banks as they reduce the number of branches and adopt new technologies. Learn about the changes in bank branches, including the shift towards cashpoints, tablets, and meeting areas to meet modern banking needs.
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